ECB rates move poses some tricky questions for Government via IrishTimesBiz
This put some clear water between the ECB and the US Federal Reserve, where chair, Jay Powell, hinted on Wednesday that US interest rates could have peaked.
Lagarde, getting her retaliation in first, told politicians to reduce cost of living supports to households and so, cut demand and lower inflationary pressures – if not, her message was, interest rates increases would need to be larger. A group of borrowers are being hard hit and political pressure is growing to “do something”, with Sinn Féin leading the charge for a targeted and temporary return of mortgage interest relief.This is tricky for the Government for a number of reasons. One is that temporary measures can quickly become semi-permanent.
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